Tejas Networks is currently trading at its upper circuit limit of Rs. 313.85, up by 14.90 points or 4.98% from its previous closing of Rs. 298.95 on the BSE.
The scrip opened at Rs. 313.85 and has touched a high and low of Rs. 313.85 and Rs. 300.00 respectively. So far 1158021 shares were traded on the counter.
The BSE group 'T ' stock of face value Rs. 10 has touched a 52 week high of Rs. 313.85 on 05-Aug-2021 and a 52 week low of Rs. 56.00 on 04-Sep-2020.
Last one week high and low of the scrip stood at Rs. 313.85 and Rs. 246.00 respectively. The current market cap of the company is Rs. 2937.27 crore.
The Institutions and Non-Institutions holding in the company stood at 27.70% and 72.30% respectively.
Tata Sons’ subsidiary company -- Panatone Finvest has picked up an 8 per cent stake in Tejas Networks for over Rs 193 crore through an open market transaction. Panatone purchased 75 lakh shares, amounting to an 8 per cent stake, of Tejas Networks. The shares were bought at an average price of Rs 258, aggregating the transaction size to Rs 193.5 crore.
Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.
| Company Name | CMP |
|---|---|
| Tejas Networks | 415.00 |
| ITI | 291.80 |
| Sedemac Mechatronics | 1634.05 |
| Black Box | 527.00 |
| Quadrant Televenture | 0.39 |
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